Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate. An affiliate of the Blackstone Group LP had agreed to purchase 16 hotels from the Hersha Hospitality Trust for the amount of USD217 million.
Investors
Danske Bank to reissue new bond
After the loss of equity due to S&P edict, Danske Bank issues a new bond to replace its 2037 issued bond.
YPF SA forms agreement with Dow Chemical
YPF enters into a shale gas project development agreement with Dow Chemical at the Vaca Muerta formation.
Like MTS, Megafon seeking to expand into banking services
Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
Baupost Group set to return money to clients
Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Latest News
In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.
Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
The city morgue of Nairobi had readied itself to receive more dead bodies from the mall attack in Nairobi, Kenya.
An estimated 12.6 million viewers watched the premier episode of NBC's "The Blacklist."
British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Riverstone Holdings' energy investment company in the UK, Riverstone Energy Ltd, would be listing in the London bourse in late October.
